2019 (7) TMI 1097

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....: None ORAL JUDGMENT (PER : HONOURABLE MR.JUSTICE J.B.PARDIWALA) This Tax Appeal under Section 260A of the Income Tax Act, 1961 is at the instance of the Revenue and is directed against the order passed by the Income Tax Appellate Tribunal, Rajkot Bench, Rajkot, in the ITA No.148/RJT/2007 for the A.Y.2003-04 dated 07/12/2018 2. The Revenue has proposed the following two questions of la....

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....e assessee ?" 3. So far as the first question as proposed by the Revenue is concerned, the finding of fact recorded by the Tribunal is as under : "We have heard the rival submission and perused the material on record. We find that he assessee has taken loan from Shri M. Mehta, Proprietor of Amit Handling Agencies on October 19th November 22nd and December 19th total to Rs. 14 lakhs. Th....

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....ed by the Revenue is concerned, the finding of fact recorded by the Tribunal is as under : "15. We have heard the rival submissions and perused the material on record we find that it is imperative of such type of expenses remaining unpaid are outstanding for 2 or 3 months. The AO has stated in para 5.6 of his order that cash must be paid to these labourers and truck drivers from source wh....